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Textron (TXT) — This aerospace and industrial giant makes Cessna business jets, Bell helicopters and military equipment. The company reported better-than-expected Q4 results this week. Revenue rose 4% year over year to $3.51 billion, beating expectations of $3.41 billion. Earnings were up 16% from the same quarter last year to $0.59 per share, and income from continuing operations came in at $0.60, beating the consensus estimate by a penny.

S&P expects earnings to rise to $2.20 per share in 2014, from $1.75 in 2013, and they project $2.55 in 2015. Improving economic growth worldwide bodes well for the business jet market, according to S&P, which has a 12-month target of $44 on the stock.

Technically TXT is in a sharp intermediate uptrend with volume spikes on the upside and lower volume on declines. Support is at the January closing low of $34.75, and then the 50-day moving average at $34.

The trading target for TXT is $42, and the buy under price is $36.50. A stop-loss should be placed at $33.50. Investors may buy TXT as a long-term investment in the aerospace sector.